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Gerald Ronson is close to concluding a £300 million refinancing of a City
skyscraper after resolving a fractious bust-up with his main shareholders.

The developer’s Heron International Group is understood to have reached
agreement with the Middle Eastern investors who helped to finance the
construction of the 46-storey Heron Tower, which boasts one of Europe’s
largest private aquariums in its reception.

Talks between Heron, which owns a third of the tower, Prince Abdul Aziz bin
Fahd, the son of Saudi Arabia’s late King Fahd, who owns 25 per cent, and
the State General Reserve of Oman, which owns the remainder,